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Inheritance tax rate and filing?

Houston, TX |

I received an inheritance of around 5k and will need to pay taxes on it. How do I go about filing and what is the tax rate in TX

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Attorney answers 3


Inheritance tax should have been paid by the estate, and not you. Check with the attorney for the estate to make sure all of the taxes were paid.

Any individual seeking legal advice for their own situation should retain their own legal counsel as this response provides information that is general in nature and not specific to any person's unique situation. Circular 230 Disclaimer - Advice given in this response cannot be used to eliminate penalties with the IRS or any other governmental agency.


Generally, the beneficiary is not subject to inheritance tax if they receive the bequest from the estate. Also, you do not pay any income tax on this bequest. There are exceptions in certain cases, especially, if there is a tax allocation clause in the will. To make sure, consult with the attorney for the estate.

Hope this helps.

Mr. Fromm is licensed to practice law in PA. The response herein is not legal advice and does not create an attorney/ client relationship. The response is only in the form of legal education and is intended to only provide general information about the matter within the question. Oftentimes the question does not include significant and important facts and timelines that if known could significantly change the reply or make such reply unsuitable. Mr. Fromm strongly advises the questioner to confer with an attorney in their state in order to ensure proper advice is received.
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Circular 230 Disclaimer - Any information in this comment may not be used to eliminate or reduce penalties by the IRS or any other governmental agency.


Congrats on the inheritance. As a general rule, you need not pay taxes on money you receive by gift or inheritance. One exception to this rule occurs, however, when the executor of the estate charged with ensuring the estate has paid all its state and federal inheritance taxes.

You should be able to ask the executor of the estate whether the estate was "taxable." If the executor is unable to answer this question easily, you might consider engaging your own lawyer to confirm that all of the estate's taxes have been paid.

This posting is for educational purposes and does not create an attorney-client relationship between us.

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